Overall market sentiment has been high on SBA Communications Corporation (SBAC) stock lately. SBAC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
SBA Communications Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SBAC!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With SBAC Stock Today?
SBA Communications Corporation (SBAC) stock is lower by -0.39% while the S&P 500 has gained 0.23% as of 1:35 PM on Wednesday, May 25. SBAC is down -$1.34 from the previous closing price of $347.07 on volume of 310,709 shares. Over the past year the S&P 500 has fallen -5.87% while SBAC has gained 16.59%. SBAC earned $3.96 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 87.22.
More About SBA Communications Corporation
SBA Communications owns and operates roughly 34,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company owns more than 17,000 towers in the U.S., which accounted for almost three fourths of the company's total revenue in 2021. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers.
Click Here to get the full Stock Report for SBA Communications Corporation stock.